US bank shares face worst weekly losing streak since 2008

US banks: US banks are financial institutions that provide lending, deposits, payment services, investment banking, and other capital-markets activities. In the reported event, large US banks’ shares were headed for their longest weekly decline streak since the 2008 financial crisis after mixed quarterly results failed to improve investor sentiment toward the sector. Earnings: Recent results were mixed: some large banks exceeded expectations, but weaker fixed-income performance and modest earnings beats contributed to negative or muted share-price reactions. Market trend: The KBW Bank Index was on pace for a sixth consecutive weekly decline, with weakness extending across major US bank stocks. Investor concerns: Higher-for-longer interest rates, potential economic slowing, rising loan losses, and uncertainty about artificial intelligence’s impact on financial services were cited as pressures on bank valuations.